That's the problem with picking sectors, you never know where they are.
In market lingo, the "beta" bet, or systemic risk versus reward, had more impact than picking sectors, countries, styles or stocks.
Now independent experts are asked to help pick the sectors and strategies.
Though he doesn't rely on top-down technical analysis to pick investment sectors, he says he typically won't have more than 30% to 35% of his portfolio in a single industry.
"I don't think he will be picking [company] winners but he will be picking winning sectors and that's absolutely the right thing to do," he said.
Forget about picking themes, sectors, countries, or deciding between foreign and domestic.
He has picked 29 sectors that he says have bottomed out, including the airline, chemical and gaming sectors.
Can this business ride out 2009? Forbes asked San Francisco analytical research company StarMine to pick this sector's bullish and bearish analysts.
Having picked her sectors, she selects companies with these characteristics: low debt/equity level, low price/cash flow (cash flow here meaning earnings plus depreciation), low price/earnings and a likely positive earnings surprise in the offing.
